Deanna H. Lund - 02 Jan 2024 Form 4 Insider Report for KRATOS DEFENSE & SECURITY SOLUTIONS, INC. (KTOS)

Role
EVP & CFO, Director
Signature
Deanna H. Lund, by Eva Yee, Attorney-In-Fact
Issuer symbol
KTOS
Transactions as of
02 Jan 2024
Net transactions value
-$1,372,450
Form type
4
Filing time
04 Jan 2024, 21:18:37 UTC
Previous filing
06 Dec 2023
Next filing
16 Feb 2024
SEC
View on sec.gov

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction KTOS Common Stock Sale $120,840 -6,000 -3.8% $20.14 153,284 02 Jan 2024 Direct F1, F10
transaction KTOS Common Stock Options Exercise $0 +15,000 +9.8% $0.000000 168,284 03 Jan 2024 Direct F4, F10
transaction KTOS Common Stock Tax liability $138,066 -7,463 -4.4% $18.50 160,821 03 Jan 2024 Direct F9, F10
transaction KTOS Common Stock Options Exercise $0 +15,000 +9.3% $0.000000 175,821 03 Jan 2024 Direct F5, F10
transaction KTOS Common Stock Tax liability $145,780 -7,880 -4.5% $18.50 167,941 03 Jan 2024 Direct F9, F10
transaction KTOS Common Stock Options Exercise $0 +15,000 +8.9% $0.000000 182,941 03 Jan 2024 Direct F6, F10
transaction KTOS Common Stock Tax liability $138,066 -7,463 -4.1% $18.50 175,478 03 Jan 2024 Direct F9, F10
transaction KTOS Common Stock Options Exercise $0 +75,000 +43% $0.000000 250,478 04 Jan 2024 Direct F7, F10
transaction KTOS Common Stock Tax liability $691,410 -37,313 -15% $18.53 213,165 04 Jan 2024 Direct F9, F10
transaction KTOS Common Stock Options Exercise $0 +15,000 +7% $0.000000 228,165 04 Jan 2024 Direct F8, F10
transaction KTOS Common Stock Tax liability $138,289 -7,463 -3.3% $18.53 220,702 04 Jan 2024 Direct F9, F10

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction KTOS Restricted Stock Units Award $0 +75,000 $0.000000 75,000 04 Jan 2024 Common Stock 75,000 Direct F2, F3
transaction KTOS Restricted Stock Units Options Exercise $0 -15,000 -50% $0.000000 15,000 03 Jan 2024 Common Stock 15,000 Direct F2, F4
transaction KTOS Restricted Stock Units Options Exercise $0 -15,000 -25% $0.000000 45,000 03 Jan 2024 Common Stock 15,000 Direct F2, F5
transaction KTOS Restricted Stock Units Options Exercise $0 -15,000 -20% $0.000000 60,000 03 Jan 2024 Common Stock 15,000 Direct F2, F6
transaction KTOS Restricted Stock Units Options Exercise $0 -75,000 -100% $0.000000* 0 04 Jan 2024 Common Stock 75,000 Direct F2, F7
transaction KTOS Restricted Stock Units Options Exercise $0 -15,000 -33% $0.000000 30,000 04 Jan 2024 Common Stock 15,000 Direct F2, F8
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Buy Plan / Sale Plan: These are also open market purchases/sales of shares, but in this case the transaction is part of a trading plan. Rule 10b5-1 allows insiders to setup a trading plan to buy/sell stocks over a certain period of time. Since the purchases/sales are predetermined, this protects the insiders from violating insider trading law.

Transaction was made pursuant to a contract, instruction or written plan for the purchase or sale of equity securities of the issuer that is intended to satisfy the affirmative defense conditions of Rule 10b5-1(c).

Explanation of Responses:

Id Content
F1 This transaction was effected pursuant to a 10b5-1 trading plan adopted by the reporting person on September 12, 2019, as amended August 18, 2023.
F2 Each Restricted Stock Unit (RSU) represents a contingent right to receive one share of Issuer's common stock.
F3 RSUs vest ratably on each of the first five anniversaries of the date of grant, unless earlier vested or terminated pursuant to the terms of the RSU agreement.
F4 RSUs were granted and previously reported on a Form 4 filed January 3, 2020, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2020 date of grant.
F5 RSUs were granted and previously reported on a Form 4 filed January 5, 2022, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2022 date of grant.
F6 RSUs were granted and previously reported on a Form 4 filed January 5, 2023, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 3, 2023 date of grant.
F7 RSUs were granted and previously reported on a Form 4 filed January 8, 2019, where 75,000 RSUs vest on the fifth anniversary of the January 4, 2019 date of grant.
F8 RSUs were granted and previously reported on a Form 4 filed January 5, 2021, where 75,000 RSUs vest ratably on each of the first five anniversaries of the January 4, 2021 date of grant.
F9 Shares withheld in a net transaction to satisfy the tax liability, in accordance with Issuer's trading policies, in connection with shares vested as reported in this Form 4.
F10 Includes 16,626 shares purchased through Issuer's Employee Stock Purchase Plan and approximately 19,527 shares held through Issuer's 401(k).